Many times we read about ‘Hawala’ transactions in newspapers. Hawala in India is prohibited under the provision of which of the following Acts ?

Fiscal Responsibility and Budget Management Act

Financial action Task Force Act

Foreign Exchange Management Act

Many times we read about ‘Hawala’ transactions in newspapers. Hawa

1.	Many times we read about ‘Hawala’ transactions in newspapers. Hawala in India is prohibited under the provision of which of the following Acts ?
A.	Fiscal Responsibility and Budget Management Act
B.	Banking Regulation Act
C.	Financial action Task Force Act
D.	Foreign Exchange Management Act
E.	None of these
Answer» E. None of these

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Many times we read about ‘Hawala’ transactions in newspapers. Hawala in India is prohibited under the provision of which of the following Acts ?

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